Deloitte: Ghana is likely to end 2025 with a single digit inflation rate

Deloitte has projected that Ghana is likely to end the year with a single-digit inflation.

The professional services firm stated that the sustained disinflationary trend gives the Bank of Ghana (BoG) sufficient room to resume its interest rate cuts, which could start at its July Monetary Policy Committee (MPC) meeting.

“Ghana is likely to end 2025 with an inflation rate in single digits, below the BoG’s revised end-2025 target of 12%,” Deloitte said in a report titled “West Africa Inflation”.

The inflation rate for June 2025 is 13.7%, according to the Ghana Statistical Service (GSS).

The Government Statistician, Dr. Alhassan Iddrisu said at a press conference in Accra on Wednesday, July 2, 2025, that the decline was influenced by a significant slowdown in the general price levels of foodstuffs and items.

Dr. Alhassan Iddrisu noted that the development shows that the pressures driving inflation over the past months are declining.

For the first time in a while, the general price levels from May to June this year dropped, recording what a deflation of 1.2 percent.

Dr. Iddrisu, said “the downward inflationary trend over the last 6 months provides some consistency and assurance of real sustained shift in prices.”

The Upper West region recorded the highest regional inflation of 32.3% largely caused by food inflation and utilities while the Bono region recorded the lowest of 8.4%.